Diplomatic Assistance To Private Investment

Diplomatic Assistance To Private Investment
Wetter, J. Gillis
1961-01-01 00:00:00
DIPLOMATIC ASSISTANCE TO PRIVATE INVESTMENT A STUDY OF THE THEORY AND PRACTICE OF THE UNITED STATES DURING THE TWENTIETH CENTURY By J. GILLIS WETTER1) (Continued from Fasc. 1-2 1961). - Part 11 . Diplomatic Assistance in the Protection of Investments There are significant contrasts between the diplomatic support extended by the United States in protection of established invest- ments and the assistance rendered to prospective investors in the process of acquiring economic interests abroad. The first part of this paper has demonstrated that in situations of the latter kind the State Department has in large measure evidenced a generally re- strictive attitude, flowing from such considerations as official anti- monopoly policy, the principle of affording equal opportunity to . competing American interests, and reluctance to involve the United . States too directly in concrete business negotiations with foreign governments for fear of hampering the Government's freedom of action in the future. The various motives which have thus imposed restraints on United States diplomacy in relation to support in the establishment of in- vestments do not have the same relevance in situations where an existing investment needs protection against acts of a foreign go- vernment. Once an American citizen
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Abstract

DIPLOMATIC ASSISTANCE TO PRIVATE INVESTMENT A STUDY OF THE THEORY AND PRACTICE OF THE UNITED STATES DURING THE TWENTIETH CENTURY By J. GILLIS WETTER1) (Continued from Fasc. 1-2 1961). - Part 11 . Diplomatic Assistance in the Protection of Investments There are significant contrasts between the diplomatic support extended by the United States in protection of established invest- ments and the assistance rendered to prospective investors in the process of acquiring economic interests abroad. The first part of this paper has demonstrated that in situations of the latter kind the State Department has in large measure evidenced a generally re- strictive attitude, flowing from such considerations as official anti- monopoly policy, the principle of affording equal opportunity to . competing American interests, and reluctance to involve the United . States too directly in concrete business negotiations with foreign governments for fear of hampering the Government's freedom of action in the future. The various motives which have thus imposed restraints on United States diplomacy in relation to support in the establishment of in- vestments do not have the same relevance in situations where an existing investment needs protection against acts of a foreign go- vernment. Once an American citizen